CANADA STOCKS-TSX may open higher on strong commodity recovery

May 9 (Reuters) - Toronto's main stock index looked set to
open higher on Monday as commodity prices recovered from the
last week's hefty losses, which should boost shares of mining
and energy companies.

News that Canadian Tire Corp CTC.TO CTCa.TO offered to
take full ownership of the country's largest sporting goods
retailer, Forzani Group Ltd FGL.TO, could also boost investor
sentiment. [ID:nL3E7G91PE]

FACTORS TO WATCH

* Canadian equity futures <0#SXF:> pointed to a higher
open.

* U.S. stock index futures rose as commodities and the euro
bounced back from last week's hefty losses. [.N]

* European shares fell after top euro zone finance
officials discussed the need for new adjustments to Greece's
aid program, with fund managers advising caution on the euro
zone peripheries. [.EU]

* Markets in Asia were largely up except Nikkei, which fell
after Prime Minister Naoto Kan called for the closure of Chubu
Electric's nuclear plant due to worries that a large earthquake
could trigger another nuclear crisis.